If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k. 

As you know property is expensive and you don't have a business running that generates revenue.

Hopefully he finishes this rehab in February as I hope to have him set up an out of town, large (over 3000’) luxury STR in the spring.When he completes that effort, we will be concentrating on getting him a property in San Diego which as everyone knows is very expensive.  

I asked one of these coaches who said her rental income is $140,000 a year if that is the gross rental income or net rental income (after mortgage payments, property taxes, insurance, repairs, vacancies, capital expenses).

The instances where I do take the fee are often off market heavy entitlement transactions where I incur significant out of pocket pre-development expenses and use the fee to help with reimbursements. 

Yes - include ALL expenses in your math, including reserves for repairs/maint, capex, turnover, etc.

Basically, they are abbreviated inspections that focus on the more expensive liabilities that investors are looking for instead of under-caulked windows and damage to drywall.

To the point that using the Alaska companion fare has been the most expensive option.

It’s a bit of a tangled web, but if you need more info on it, do your research first, and then you can contact me to help you sort out the current rules. 3) The tax benefits are severely hampered if you there is any money from your original property that doesn’t get spent on the replacement property, so it’s best to purchase a more expensive one to avoid losing those benefits.4) It is imperative that you do not receive any money directly from the sale of the original investment property.

Let me know if you have any advice for organizing expenses and projects to stay up to date on the health of the property.